Funding arb · Price arb /

SPCX

RWAall SPCX markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0057%/8h= −6.3% APRpaid last 24h −0.046%

Price spread now: Binance against Coinbase International−0.046%7-day average +0.003% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$280.284% of the position

Long on Coinbase International Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.265%−$27 on $10k

Price spread, last 2 days (all we have)+0.076%+$8 · spread now −0.046%, 7d avg +0.003%

Together, before fees−0.189%−$19 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Binance is 0.049% cheaper against Coinbase International than usual: you would sell low and buy high (−$5 if the spread goes back to its 7-day average of +0.003%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International SPCX-PERP-INTX	152.71	0.0256	pay 0.0032% / 1h	31m 12s	$741K	$947K	10x
Short	Binance SPCXUSDT	152.64	0.0199	get 0.0199% / 8h	1h 31m	$255.7M	$1.38B	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee BinancebpOrdersPrice spread, now −0.046%Rate

Funding earned: −$12.02
Price spread: −0.046% → +0.003%: −$4.93
Slippage, 4 orders: −$8.36
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$45.31
Costs to cover: 0.284%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 52 min ago; Binance: live order book, 13 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Coinbase International live order book, 52 min ago	3.60 bp	8.9 bp −$9	12.9 bp −$129	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	0.33 bp	5.3 bp −$5	5.8 bp −$58	9.9 bp −$987	20.8 bp −$10.4K

SPCX on 39 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX SPCX/USD [ETH-USDC]	L −0.0272% / S +0.0488%	1h	152.63	−0.049%	$88K	—	20x	as long as short
Gate SPCX_USDT	0.0000%	8h	152.63	−0.052%	$96.5M	$30.9M	100x	as long as short
GRVT SPCX_USDT_Perp	0.0000%	8h	172.51	+12.965%	$4K	$882	10x	as long as short
StandX SPCX-USD	0.0000%	1h	152.68	−0.020%	$302K	$3.1M	20x	as long as short
SunX SPCX-USDT	0.0000%	8h	152.85	+0.092%	$8K	$977K	10x	as long as short
HTX SPCX-USDT	0.0000%	8h	152.65	−0.039%	$1.3M	$1.7M	75x	as long as short
Aftermath Perps SPCXUSD	+0.0022%	1h	152.59	−0.078%	$7K	$10K	10x	as long as short
Lighter SPCX	+0.0032%	1h	152.57	−0.092%	$1.6M	$7.2M	20x	as long as short
Lighter RH SPCX	+0.0032%	1h	152.57	−0.092%	$2.4M	$7.5M	20x	as long as short
Injective SPCX/USDC PERP	+0.0033%	1h	157.25	+2.973%	$9K	$27K	5.5x	as long as short

Show all 39 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Vest SPCX-USD-PERP	+0.0046%	1h	152.62	−0.059%	—	$1.1M	10x	as long as short
Polymarket Perps SPCX-USD	+0.0050%	1h	152.62	−0.059%	$489K	$1.1M	10x	as long as short
SoDEX SPCX-USD	+0.0050%	1h	152.63	−0.052%	$1.7M	$79K	20x	as long as short
Phemex SPCXUSDT	+0.0050%	8h	152.64	−0.046%	$539K	$404K	50x	as long as short
Ondo Perps SPCX-USD.P	+0.0050%	1h	152.51	−0.131%	$3.2M	$2.6M	10x	as long as short
Bullet SPCX-USD	+0.0063%	1h	152.64	−0.046%	$11K	$189K	10x	as long as short
QFEX SPCX-USD	+0.0066%	1h	152.63	−0.052%	$1.2M	$7.6M	10x	as long as short
Paradex SPCX-USD-PERP	+0.0070%	8h	152.65	−0.042%	$101	—	5x	as long as short
BloFin SPCX-USDT	+0.0079%	8h	152.67	−0.026%	$1.9M	$1.4M	75x	as long as short
Pacifica SPCX	+0.0100%	1h	152.56	−0.098%	$175K	$133K	10x	as long as short
KuCoin SPCXUSDTM	+0.0100%	8h	152.53	−0.118%	$13.0M	$5.5M	20x	as long as short
ApeX Omni SPCXUSDT	+0.0100%	1h	152.57	−0.092%	$58K	$270K	50x	as long as short
Orderly PERP_SPCX_USDC_mythos	+0.0100%	8h	152.65	−0.039%	$15K	$7K	10x	as long as short
Aevo SPCX-PERP	+0.0104%	1h	152.66	−0.031%	$89	—	10x	as long as short
tradeXYZ xyz:SPCX	+0.0116%	1h	152.61	−0.065%	$129.9M	$107.4M	20x	as long as short
Bybit SPCXUSDT	+0.0137%	8h	152.67	−0.026%	$30.8M	$42.3M	100x	as long as short
OKX SPCX-USDT-SWAP	+0.0179%	8h	152.64	−0.046%	$38.9M	$168.4M	75x	as long as short
Variational Omni SPCX	+0.0184%	8h	152.63	−0.054%	$6.0M	$3.9M	—	as long as short
Binance SPCXUSDTshort	+0.0199%	8h	152.64	−0.046%	$255.7M	$1.38B	75x
Extended SPCX-USD	+0.0200%	1h	152.61	−0.063%	$715K	$3.6M	10x	as long as short
Nado SPCX-PERP	+0.0214%	1h	152.55	−0.102%	$625K	$871K	20x	as long as short
Arcus SPCX-USD	+0.0227%	1h	152.58	−0.085%	$106K	$296K	5x	as long as short
Aster SPCXUSD1	+0.0245%	8h	152.72	+0.008%	$19.0M	$21.8M	20x	as long as short
Coinbase International SPCX-PERP-INTXlong	+0.0256%	1h	152.71	long leg	$741K	$947K	10x
Phoenix SPCX	+0.0314%	1h	152.65	−0.039%	$445K	$196K	15x	as long as short
Bitget SPCXUSDT	+0.0315%	8h	152.65	−0.039%	$31.0M	$66.5M	75x	as long as short
Deribit SPCX_USDC-PERPETUAL	+0.0340%	1h	152.63	−0.052%	$71K	$1.1M	10x	as long as short
edgeX SPCXUSDC	+0.0516%	4h	152.65	−0.041%	$1.7M	$893K	20x	as long as short
RISEx SPCX/USDC	+0.0543%	1h	152.70	−0.007%	$402K	$541K	20x	as long as short